A Sheffield company which specialises in replacing windows in historic buildings has secured a £250,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), to fund new contract wins. Nueco Group provides bespoke windows, glazing and heritage facades and is one of
A Crewe-based family business which specialises in electronic security systems has hit the acquisition trail with the backing of an SME Loan from Mercia. EPG Security Systems has acquired Crown Securities in a six-figure deal that will enable it to expand into the Shropshire area and diversify its client base. It is the second acquisition
Optellum, an Oxford-based medtech company that provides a breakthrough AI platform to diagnose and treat early-stage lung cancer, has raised $14m in a Series A funding round. The investment will enable the company to scale its base, operations and commercial launches in the UK and USA, accelerate its research and development, and expand its platform
Newcastle-based Melius Cyber has appointed experienced technology leader Matt Little as Chair to support its future growth. The appointment follows its recent £350,000 investment from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia. Matt – who was introduced to the business by Mercia – has held
A University of Sheffield academic who has developed a device that could revolutionise biological research has secured a £150,000 loan to help fulfil the first two orders. Dr Tim Craggs has raised funding from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF). Dr
I-Phyc – the Mercia-backed company behind a nature-based wastewater treatment solution – has raised a further £2.3m to establish itself as the technological leader in ‘circular’ solutions to remove wastewater contaminants. The latest investment was led by Mellby Gård AB, a privately-owned Swedish company targeting investment in promising water technologies, and included the MEIF Proof of
Mindset AI – which helps businesses within the knowledge economy to digitise their services and scale their expertise – has raised £1.65m from Mercia and angel investors. The software-as-a-service (SaaS) firm enables businesses such as management consultancies and professional services firms to customise, brand and launch their own digital platform. Mindset AI is the only product of its
Mercia has been named as one of Europe’s top seven venture capital investors in terms of the number of domestic deals it has funded in recent years. New research by the financial data company PitchBook shows that during the period from 2018 to the end of the first quarter this year, Mercia made 251 VC
A Manchester-based brand performance agency has secured a £250,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), to support its future growth. The funding will provide WilsonCooke with additional working capital to scale up its activities, support new contract wins and
The UK’s leading onshore deep drilling specialist has secured a seven-figure loan to help finance its work on the construction of two ‘green’ power stations in Ethiopia. The Marriott Drilling Group has raised the funding from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund